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Inland Revenue issues public rulings to interpret how a tax law applies to taxpayers and specific types of arrangements. Taxpayers whose circumstances match those in a ruling may apply it, but are not obliged to do so.

If you calculate your tax liability according to an applicable public binding ruling, we must assess your tax according to that ruling. A public ruling applies only to the particular taxation law and arrangement set out in the ruling, and only for a specified period. If there is any material difference between the facts in the ruling and your actual arrangement, the ruling does not apply.

This Ruling follows on from three Public Rulings that were issued recently: BR Pub 19/01: Income tax – salary and wages paid in crypto-assets, BR Pub 19/02: Income tax – bonuses paid in crypto-assets and BR PUB 19/03: Income tax - employer issued crypto-assets provided to an employee. This Ruling considers whether the employee share scheme rules apply to some types of employer-issued crypto-assets provided to employees.

Ruling applies from: This Ruling will apply for a period of three years beginning on 1 December 2019.

This Ruling follows on from two Public Rulings that were issued recently: BR Pub 19/01: Income tax – salary and wages paid in crypto-assets and BR Pub 19/02: Income tax – bonuses paid in crypto-assets. It considers how FBT applies where cryptocurrency issued by an employer is provided to an employee.

Ruling applies from: This ruling will apply for a period of three years beginning on 30 July 2019.